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THE MAROON Vol. 87, NO. 21 ONLINE EDITION AT LOYOLAMAROON.COM A LOYOLA TRADITION SINCE 1923 • "FOR A GREATER LOYOLA" FRIDAY, APRIL 16, 2010 Endowment up by 28 percent Increase to $248 million is a result of stock market recovery By SAM WINSTROM Staff Writer LoyolaUniversity's endowment gained about $15 million since July 2009, making a 6.24 percent increase since last year. In July 2007 the endowment was at an all-time high of $346 million and dropped 44 percent to $194 million in Feb 2009 with the collapse of the stock market. The university's endowment has gained a total 28 percent since then as the stock market recovered, bringing it back to about $248 million. "Unfortunately, there is some progress, but not sufficient to have a full recovery," said Jay Calamia, the vice president for finance and administration, in an e-mail. The endowment is still down 28 percent from the $346 million high, but shows signs of improving. "We've had good growth on that," said university Provost Ed Kvet. "We're still working our way back to our previous high level in a year or so." The university's endowment is a collection of savings used by the university to finance operations and scholarships among other things. It is funded by donations and tuition as well as investments. The board of trustees hired a new outside financial organization called Consultant Service Group in March of last year to revise Loyola's investment policies. "The trustees felt that we needed to change our asset allocations, to maximize our return," Calamia said. The new portfolio manager has been acting conservatively. Freshman enrollment reaches expected target By CARL HARRISON Contributing Writer The numbers are in for the class of 2014. Applications are up 22 percent more than last year and visits are up about IS percent. Enrollment deposits have been for the most part even with last year at this time. Loyola is on course to enroll about 800 first year freshmen and about 125 transfer students. They were admitted into Loyola from a pool of nearly 5,000 applicants. Last year, Loyola enrolled 806 incoming freshman with expectations of only enrolling 750 students. This year, the university set the target at 800 students. "This year we set the target at 800 incoming freshmen knowing that housing only has a certain capacity. We're going to try to come as close to that number as possible. If we do go over that number, it will be because we will have a few more commuter students on campus," said Sal Liberto, vice president for enrollment management and associate provost. "We're trying to enroll what we think the capacity is. We don't want to bring in a larger class because that would challenge the existing infrastructure." Loyola could receive more applications within the next couple of months due to the rolling admissions policy. "All indications are up that we'll have a strong class," Liberto KAITLIN RILEY / The Maroon The table above explains the expected enrollment for the class of 2014 compared to the class of 2013. SGA explains concert funding By RUSSELL SHELTON Staff Writer Good cheap fun costs $5 for students, while SGA picked up a $57,000 tab for this year's Loup Garou concert, according to SGA adviser David Gunn. The annual concert happened this year at the House of Blues April 15 with bands Better Than Ezra, Baby Bash, DJ Chachi and A-FREEKA performing. According to Gunn, the remaining $3,000 out of a $60,000 budget will go back into SGA for their regular program fund as will the money generated from the $5 ticket price. With their budget, SGA spent $10,000 on the venue. In the past, Gunn said he has done festival shows where the production cost is much higher, but the House of Blues already provided a stage and lights. Up front, the House of Blues required a $6,000 deposit with a see MONEY, page 4 see ENROLL, page 4 see CONCERT, page 4 flfct Baseball seniors graduating w see page I I MAROON DIRECTORY: CRIME WATCH, page 2 | LIFE & TIMES, page 6 | SPORTS, page 11 | EDITORIAL, page 14 | NEWS TIPS: 865 3535

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THE MAROON Vol. 87, NO. 21 ONLINE EDITION AT LOYOLAMAROON.COM A LOYOLA TRADITION SINCE 1923 • "FOR A GREATER LOYOLA" FRIDAY, APRIL 16, 2010 Endowment up by 28 percent Increase to $248 million is a result of stock market recovery By SAM WINSTROM Staff Writer LoyolaUniversity's endowment gained about $15 million since July 2009, making a 6.24 percent increase since last year. In July 2007 the endowment was at an all-time high of $346 million and dropped 44 percent to $194 million in Feb 2009 with the collapse of the stock market. The university's endowment has gained a total 28 percent since then as the stock market recovered, bringing it back to about $248 million. "Unfortunately, there is some progress, but not sufficient to have a full recovery," said Jay Calamia, the vice president for finance and administration, in an e-mail. The endowment is still down 28 percent from the $346 million high, but shows signs of improving. "We've had good growth on that," said university Provost Ed Kvet. "We're still working our way back to our previous high level in a year or so." The university's endowment is a collection of savings used by the university to finance operations and scholarships among other things. It is funded by donations and tuition as well as investments. The board of trustees hired a new outside financial organization called Consultant Service Group in March of last year to revise Loyola's investment policies. "The trustees felt that we needed to change our asset allocations, to maximize our return," Calamia said. The new portfolio manager has been acting conservatively. Freshman enrollment reaches expected target By CARL HARRISON Contributing Writer The numbers are in for the class of 2014. Applications are up 22 percent more than last year and visits are up about IS percent. Enrollment deposits have been for the most part even with last year at this time. Loyola is on course to enroll about 800 first year freshmen and about 125 transfer students. They were admitted into Loyola from a pool of nearly 5,000 applicants. Last year, Loyola enrolled 806 incoming freshman with expectations of only enrolling 750 students. This year, the university set the target at 800 students. "This year we set the target at 800 incoming freshmen knowing that housing only has a certain capacity. We're going to try to come as close to that number as possible. If we do go over that number, it will be because we will have a few more commuter students on campus," said Sal Liberto, vice president for enrollment management and associate provost. "We're trying to enroll what we think the capacity is. We don't want to bring in a larger class because that would challenge the existing infrastructure." Loyola could receive more applications within the next couple of months due to the rolling admissions policy. "All indications are up that we'll have a strong class," Liberto KAITLIN RILEY / The Maroon The table above explains the expected enrollment for the class of 2014 compared to the class of 2013. SGA explains concert funding By RUSSELL SHELTON Staff Writer Good cheap fun costs $5 for students, while SGA picked up a $57,000 tab for this year's Loup Garou concert, according to SGA adviser David Gunn. The annual concert happened this year at the House of Blues April 15 with bands Better Than Ezra, Baby Bash, DJ Chachi and A-FREEKA performing. According to Gunn, the remaining $3,000 out of a $60,000 budget will go back into SGA for their regular program fund as will the money generated from the $5 ticket price. With their budget, SGA spent $10,000 on the venue. In the past, Gunn said he has done festival shows where the production cost is much higher, but the House of Blues already provided a stage and lights. Up front, the House of Blues required a $6,000 deposit with a see MONEY, page 4 see ENROLL, page 4 see CONCERT, page 4 flfct Baseball seniors graduating w see page I I MAROON DIRECTORY: CRIME WATCH, page 2 | LIFE & TIMES, page 6 | SPORTS, page 11 | EDITORIAL, page 14 | NEWS TIPS: 865 3535